Each Debit and Credit having Separate Pooling Accounts

What is pooling account each debit and credit having separate pooling accounts else single pooling account having Dr and Cr.?

Kindly assist here?

Comments

Romil Tripathi |

| 31 Aug 2015 11:21 am

Helpful answer

Pooling Arrangement is between Parent company leading ledger & subsidiary/sister companies non leading ledger, in case of short fall for sister/subsidiary. parent company lends to them via pooling account and charges interest on the same.